Genesis Microchip (GNSS) Message Board

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Technology Stocks : Genesis Microchip (GNSS)

GNSS 2.380

-0.8%

Nov 7 9:30 AM EST

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To: Spreck who wrote (1001)	5/30/2002 1:18:39 PM
From: geoffrey Wren	Read Replies (2) of 1277

GNSS down 1/4 today to $17.30 on downgrade, outlook for pricing pressure. This is pretty soon after optimistic conference call. Shorts were all over this stock before the bump caused by that conference call, and they will be back (already are back to see the nature of things on the YAHOO board). Would not be surprised to see further erosion of price. That said, I suppose if it gets down to 12-13, I'll get some more. Hope I'm not missing something that is pretty obvious to all those shorts. It may be that there are a lot of them who made money as GNSS dived from 60 down to 20, and feel lucky with GNSS. Or could it be they accurately see GNSS losing market share, having reduced margins? I hope the integration of SAGE is working well. What a disappointing day. GTW

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